Prefund Quality Assurance Auditor

U.S. Remote (If living within 31 miles of Santa Ana, CA or Austin, TX, you will need to be able to work 4 days on-site.)

About the role

Primary responsibilities include in-depth prefund quality assurance audits. This position requires extensive experience in detection and prevention of loan fraud with underwriting and guideline knowledge of both conventional and government loans. Working in a paperless environment and LOS, the Quality Assurance Auditor is expected to make loan-level risk analysis and work closely with other operational departments.

Responsibilities

• Quality pre-funding audits of loans in progress while maintaining daily productivity levels of audits completed.
• Perform in-depth reviews and analysis of mortgage loans as assigned by Prefund Quality Assurance Team Lead or QC Management.
• Familiarity with mortgage industry technology. Proper input of data, audit results, and corrective action comments within QC technology.
• Maintain data integrity of QC results.
• Perform risk analysis with identification of loan-level defects with escalation to management.
• Audit results incorporate risk ratings, standardized defect categories along with determination if the findings are related to underwriting, compliance, or quality control.
• Early detection and prevention of fraud, familiarity with red flags.
• Ability to conduct loan-level fraud investigative audits.
• Ensure all loans are underwritten in accordance with all required Investor and agency guidelines such as FNMA, FHLMC, HUD, VA, USDA, and Jumbo.
• Maintain knowledge of underwriting guidelines, AUS (DU, LP, and Manual) requirements, NAF overlays, NAF policy, and procedures.
• Data integrity reviews.
• Continuous education via webinars and other training.

Requirements

• Strong ability to detect possible misrepresentation and/or fraud.
• Previous underwriting experience and/or Quality Control review/audit experience of mortgage loans.
• Working knowledge of investor guidelines such as FNMA, FHLMC, FHA, VA, USDA, Jumbo, and Reverse.
• Ability to analyze risk as it relates to investment-quality loans, critical thinking with short yet comprehensive write-ups.
• Extensive knowledge of DU, LP, and manually underwritten loans.
• Ability to review audit documentation, perform analysis, validate and document potential risk to determine the course of appropriate corrective action and/or make recommendations.
• Excellent written and oral communication skills with the ability to rate and categorize risk ratings in a clear and concise manner.

Qualifications

5 or more years of underwriting, credit, and/or QC experience. DE and/or VA underwriting designations preferred but not required.

Pay

$36 - $40.00/hr (DOE)

Other Duties

• This job may require frequent sitting or standing for long periods of time.
• Additional related duties as assigned to meet the needs of the organization.

Physical Demands

• Must be able to lift up to ten pounds.
• Primary functions require sufficient physical ability and mobility to work in an office setting; to stand or sit for prolonged periods of time; to occasionally stoop, bend, kneel, crouch, reach, and twist; to lift, carry, push, and/or pull light to moderate amounts of weight; to operate office equipment requiring repetitive hand movement and fine coordination including use of a keyboard.
• See in the normal visual range with or without correction.
• Hear in the normal audio range with or without correction.